Latest Posts By elfinchilde
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| 07-Jul-2008 17:22 |
Biosensors
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Is Biosensors a good buy?
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cool it, people. let the market prove reality. in the end, everything else is just that: talk. so if you know you're right, don't bother justifying: the market will prove it. o/w this is an open forum--everyone's free to share information, but that should not degenerate into needless name-calling. just to clarify: Buffett didn't base his numbers on pure speculation/opinion. No Graham investor does that. He based the 50% rating on decreasing trade prices, decreasing industry profit margins, increasing exposure (of funds), and the devaluation of the USD and dollar-backed assets. That prediction was in Mar '08. In an interview given to CNBC then. Looking at the DJIA today, we can't say that he was wrong. Markets are forward looking, they price forwards. |
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| 07-Jul-2008 13:59 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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ozone, just waiting to load up on puts again eh? hehe. gungho scalpers, pick your counters well and run fast, if you haven't ran already. i'm nicely sitting out. cheers. :) |
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| 05-Jul-2008 17:38 |
Trading Techniques
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Understanding Trading Charts and Indicators
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http://trade-charts.s-f9.com/ here: the right link. note that by themselves indicators are just tools; you need to know how to apply them rightly in order for TA to be accurate. also, that not all indicators are accurate for all stocks. in fact, as far as possible, i'd advocate using as little and as simple technicals as possible. if you use too many, you're likely to get confused. |
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| 05-Jul-2008 17:35 |
Biosensors
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Is Biosensors a good buy?
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concur with cashiertan that this is more of a trading counter. note that previous support of biosensors was 67c; has broken it, so the fall is potentially limitless from this pt. downtrend has not ended yet; i would not say it is even midway through. the bigger players appear to have gotten out at end May at ~74-76.5c. as trader88 (?) said though, it all depends on when they'll return to this counter, if they should. if they do tho, your upside is likely limited to 50% of whatever the lowest px is (ie, if it's 50c lowest, they'll ramp it to 75c). Consistent patterns from the chart. If they abandon it tho, you can expect to sit in slow recovery for the next bull in years to come, ala the other penny stocks. need to realise that current market sentiment is extremely bad, even with good news in, how many counters will rally? so really, what's happening to biosensors is normal, not extraordinary: bengster shouldn't be blamed just because he is providing information. Note: above views are strictly from a technical perspective. caveat applies. not vested. |
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| 05-Jul-2008 16:31 |
Entertainment
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Fellowship of the Shares
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for those nervy, lost or frustrated in the current market. was it Graham who said: "The market is a pendulum forever swinging between irrational exuberance and unwarranted pessimism." And the immortal line by one of the biggest sharks of them all: "The best time to buy is when there is blood on the streets." Investor, trader, or speculator? Which are you? Acknowledge the truth as such, and have no pretensions otherwise. Lots of ways to make money; no one way is right. The real test of any of the above is not in a bull market, but a bear: it is easy for anyone to make money in a bull market. Just throw a stone into the crowd of stocks. But now? One of the things I've never liked about traders is the big egos they have; the unwillingness to listen to others; the ugly face of greed that comes out when they are winning, and think they'll always keep winning. They forget the basic truth: that the market is not a faithful wife but a temperamental mistress. The moment you let your guard down, and make the mistake of thinking you know her, that it is easy to earn, you will lose. Because the odds, always, are skewed to the House. So the question is: is there blood on the streets yet? My answer? Yes, but not enough. Weekend thoughts. haha. cheers. |
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| 05-Jul-2008 16:20 |
ST Engineering
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ST Engg
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heh. if this doesn't prove it already....don't believe too much in what analysts say and what 'fundamentals' they are talking about: the reality is that few analysts even grasp the concept of fundamentals here. they are mostly operating on rote concepts they've learnt rather than real application: which requires deep digging and minute calculation of value. the second reality is that the s'pore market is really too small to be a fundamental-based market. As a technical trader, you'll know that most counters here don't move on fundamentals at all. And a side note: those who say TA doesn't work are probably not really applying TA (alternatively, they're using wrong tools for the specific stock), but are making emotive calls instead: ie, the failure is not technical, it is human. you need to be able to blend TA and FA for this market. btw, watch carefully the names of the analysts who publish reports. you will see a pattern between calls and movements of the stock. esp for counters such as cosco. 'nuff said. |
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| 05-Jul-2008 16:11 |
Entertainment
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Fellowship of the Shares
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haha. jackjames, you look like a scamp. tho from the shots, we can see who's in control in the relationship. :P congrats! :))) |
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| 04-Jul-2008 16:34 |
ShareJunction
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Instruments of Mass Destruction
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here ya go... for the benefit of those who are worried and don't know how to read the ARs: apart from those named by jensonlaw, other small caps here which have issued such death spiral convertibles in the previous year: (pls double check yourself for verification)-- Alantac HLH Group Lexicon Vibropower Anwell Centillion E3 Holdings Contel KXD ----------- http://www.webb-site.com/articles/toxicon.htm --this was the article in HK by the activist, Webb, in 2005, which exposed CSFB (credit suisse) and the international banks' role in such issues, which led to them being literally killed in the HK market. A pity we have no such protection here. |
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| 04-Jul-2008 16:18 |
ShareJunction
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Instruments of Mass Destruction
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cathy, you can check it by reading the SGX announcements for the misc announcements, and the ARs of the actual companies you're holding. look for the section where they say "details of any changes in share capital arising from....." (warrant issue/note issue/bond issue etcetc). o/w, really. just look at jensonlaw's post. the names of the involved funds. do you see a pattern? it tells you then what to look out for in the SGX announcement of your own invested stock. |
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| 04-Jul-2008 15:46 |
Others
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Market is so dead today
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US independence day holiday. foreign BBs out of market. smaller local BBs got burnt. retailers nervy on the edge and not daring to go in. hence low vol. |
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| 04-Jul-2008 15:43 |
Others
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Forex Junction
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hehe, actually, i don't really use elliot wave theory and all that. it's just patterns for me. i don't quite know how to say it. you're right in calling them waves. (mathematically they're sine waves, but that's over thinking). but yea. each pair behaves differently. that's why it took me up to now to get really familiar with the pairs. only watching three of them. it's like getting to know puppies of different breeds. hehe. all dogs, but different breeds make all the difference: can't use one system on all three. weeding out the false patterns requires a lot of observation and practice tho. i'll just havta practice more and get better. no hurry for profit at this stage: i wanna master the systems first. since then, can simply scale it up or down to adjust for profit level. (at least, this is my thinking) thanks! :) |
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| 04-Jul-2008 15:20 |
Others
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Forex Junction
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yups, i get what you mean. strictly speaking, i've only been in forex for about 5 weeks. but since a week or two ago, i've been seeing that all the indicators etc may actually unnecessary: since they're all derived from price/vol action anyway: that one can conceivably call it just on candlesticks/'wave pattern' alone. (am i right on this?) it does however require an intimate 'feel' for your pair. such that if it moves a bit out of the pattern, you know something's going on. ie, you really need to know the pair you're playing very well. The way it peaks, and troughs, and the blip-blip-blip pattern it causes. the patterns, essentially. pardon if the above sounds very amateurish and all, am just feeling my way around the forex field, plus, i don't quite know the proper terms for it. hehe. thanks for your help. :) |
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| 04-Jul-2008 15:09 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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hehe, it doesn't quite matter to me what px it will retrace to. my focus is stocks/forex. oil is a weathervane. the point is, when it retraces, stocks will do a sharp, rapid relief rally. and then, we are in agreement: (for oil) "before going back up for the rest of the year/next." ie, it's a downturn in equities. lah! hehe. and with the above, the pivot points for action have been outlined. hehehehehe. :P o/w, it's a zzz market. not worth the watching and handwringing for short term scalps. |
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| 04-Jul-2008 15:04 |
Others
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Forex Junction
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hi techsys, would i be right in thinking that you use pure charting (candlesticks) and stochs for trading only? do you draw channels and lines, or use fibo etc to determine the levels? if you don't mind me asking, that is. thanks. :) |
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| 04-Jul-2008 14:18 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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not yet.....needs to hit 150-170. then likely a sharp fall before going back up for the rest of the year/next. for this same reason i would avoid puts currently: you risk a sharp pullback. if one had wanted puts, you'd have gotten into them when STI was above 3,000. not now. ozone, i'm not out to compete with anyone here; no worries about elf making money. it is wisdom not to post out everything of what you do. hehe. glad you're doing well.
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| 03-Jul-2008 21:46 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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they're majorly supporting the USD. As they call it, the boys in the back room will not let the EU hit 1.6. Should have seen the EU pair; 95% of traders expected it to shoot to the moon, it tanked 150 pips instead. On back of bad news. I believe a lot of traders got burnt. Completely illogical. Buy on rumor sell on news indeed. 
DJIA's likely to be positive. It's 4th of July, afterall, independence day. Would a govt let its market be in bear territory ahead of Independence Day? Watch out for the commodities. I'm still expecting a sharp retracement in them and oil. last major news is ISM out at 10 pm. edit: EU dived because the rate hike had been factored in already; what traders were looking for was Trichet's comments. He had said no more rate hikes. ie, caused USD to jack up instead.
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| 03-Jul-2008 17:47 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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hehe. ozone, you must be very happy with gold and puts now. hehe. a bit too low to get into puts now tho, in case some are tempted. watch DJIA for down tonight. the non farm and unemployment rates are coming out at 830 pm. |
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| 03-Jul-2008 17:44 |
SingaporeLandGrp
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uic
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heya, think it refers to two separate transactions: that MS sold shares, and that they returned borrowed shares. ie, MS may have taken scripts from someone as collateral (the way Opes ceded Jade shares to MS/ML as collateral), or that they borrowed it themselves in exchange for some other counter. Such shares can be redeemed later by the owner. either way, doesn't make a lot of difference: they're basically reducing their holdings. Buyer likely to be GKW, if you track the announcements. DBS operates on behalf of GKW, btw. If you follow broad market tho, no big deal: MS has been consistently selling their holdings in the STI. I don't think they're even making profits; just to raise capitals and meet the calls back home. well, one man's downfall will lead to the rise of another. just focus and watch the story unfold. 
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| 03-Jul-2008 16:53 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Beat temptation. If one can't control his own impulses, pointless even if you have the best technical skills in the world. the person to beat is not the market, it's yourself. zzz market. |
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| 03-Jul-2008 16:40 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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how to make money: Don't do short term. (-_-")..... | ||
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